EFI Global’s Post

Staying afloat: the murky waters of flood disaster recovery #HurricaneBeryl #Flood 💡This is a must read paper from experts Martin Faller, Ahmet Colakoglu, PE, SE, Juan Carlos Araiza, and David Slaughter.

Flood insurance doesn't have to be a tough sell; lots of great education can come with talking to your customers about the necessity. So next time a business owners policy comes across your desk, see if they might need flood protection on the building! Click on the Link to read more > https://ow.ly/ZS8R50QnMyz

Our new flood solution has proven to be essential for policyholders for several reasons, particularly in the context of managing flood risks and possibly providing financial protection to individuals, businesses, and communities. One important benefit of this type of insurance is that it is tailored to meet the specific needs of each policyholder. This allows for a more personalized approach and considers factors such as property type, location, flood risk, and budget constraints. And -- this enables you, the insurance agent, to present your policyholders with coverage that best suits their circumstances. It's a win-win. gulfstatesinsure.com https://www.caic-insco.com

Flood insurance is critical for both homes and vehicles, as standard insurance policies do not cover flood-related damages. It provides vital financial protection against the devastating impacts of flooding. https://lnkd.in/efS-UppQ

This week in Broker Buzz, find out how you can have your say on the long-awaited reform of the NSW ESL scheme. Keep yourself up to date on the ongoing flood insurance inquiry as it moves to the next phase. Get ready to dive into the insightful April issue of NIBA’s Insurance Adviser magazine hot off the press. All this and more landing in your inbox! Read more 👉🏽 https://lnkd.in/gm_hV9EJ #NIBA #BrokerBuzz #InsuranceUpdates

External flood causes When we think of flooding, it’s easy for the mind to skip to news reports which show helicopter views of burst riverbanks and acres of land underwater. What you may not realise, however, is that there are many external forces that could cause your home or business property to flood and necessitate a major home or business insurance claim. Here’s five common forces. Call Aspray on 0800 077 6705 www.aspray.com

Dealing with a flood in your property can be a lengthy and uncomfortable procedure.   The flow of water itself could take days to finally subside, leaving a devastating aftermath.   Due to the amount of water entering the property, floods can ruin the electrics in a property, damage flooring and beams, plus much more. In almost all cases, you will be making a claim on your insurance.   Aspray has helped many policyholders get their homes and businesses back to the condition they were in before the flood. As loss assessors, we deal directly with your insurer and project manage all reinstatement works, using our own vetted contractors.   Our service is designed to save you time and some of the stresses that come with organising everything involved in making a claim. That’s dealing with insurers representatives and finding quality contractors.   Visit www.aspray.com #floods #waterdamage #claim

There may be times when your clients questions decisions made about their flood insurance claims. If they are disappointed, let them know they have the right to file an appeal. Why not share with them @FEMA's extensive collection of flood claim decision memos to help them understand flood policy intricacies, claims details, & successful appeals: https://bit.ly/41o2s7J #FloodInsurance #WrightFlood #FEMA

Imagine this - just an inch of water invading your home, seemingly harmless yet capable of causing a NIGHTMARE of financial damage, rocketing up to $25,000! Sounds shocking, right? It's proof positive of the unpredictable havoc floods can wreak on our lives and homes. That's exactly why I'm here to emphasize the undeniable value of having flood insurance. With Helix Insurance Group, safeguard your financial stability and peace of mind. Don't let floods wash away your hard-earned assets. Protect yourself with us. Ask for Jeanna Bumpas [email protected] 832-527-8402

With flood deductibles rising aggressively in #Canada and exclusions in the US; insurance solutions like this #parametric #flood #insurance product should be considered as part a portfolio's mix of insurance risk transfer. Canada has fewer options but large books of risk can develop these with select underwriters. We see this mix of traditional insurance and parametric solutions becoming table stakes as #climaterisks materialize and balance sheets become more exposed. RM's will do well to familiarize themselves with #parametricinsurance products.